Hancock Timber raises $528.1 million for 12th fund
Hancock Timber Resource Group has raised $528.1 million for Hancock Timberland XII, according to a filing with the Securities and Exchange Commission. The fund has a $600 million fundraising goal.
Hancock XII is targeting timberland investments primarily in the United States, Brazil and Australia, but may also pursue opportunities in Canada, Chile, Ireland, New Zealand, the Nordic region, the United Kingdom, Uruguay and Western Europe. The fund aims to establish a portfolio of timberland investments diversified geographically, by tree species and by timber maturity and suitable for a variety of end products.
Recent investors include the City of Los Angeles Department of Water and Power, New Mexico State Investment Council and Irving Firemen's Relief and Retirement Fund.